Subscribe to Our Newsletter
Wednesday August 10, 2022
Bitcoin (BTC) $23,123.20   Ether (ETH) $1,699.41
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Koinly
CryptoNinjas
Home Crypto Exchanges

CoinEx now building public chain for its decentralized exchange

Published by CryptoNinjas.net
03/27/2019
CoinEx now building public chain for its decentralized exchange

CoinEx, a digital asset exchange launched in 2017, announced that the company is now building a public chain called CoinEx Chain for decentralized trading. The website was launched on March 22nd and a CoinEx Chain-based decentralized trading platform CoinEx DEX is scheduled to be online in Q4 this year.

Supported by its strong R&D team, CoinEx has been stably operating for over a year. CoinEx DEX will include a proprietary high-speed matching engine to ensure secondly transaction confirmation and supported a processing capacity of up to 10,000 transactions per second.

“A brand new pattern of an ecosystem, a new era of exchanges,” Haipo Yang, CEO of CoinEx explained. “No more centralized drawbacks, users can control the private keys in their own hands, easily create a secured wallet, issue and manage their own tokens, and be freed of the fuss of prolonged listing procedures. Since all operations and account addresses are traceable and positions and transaction data are crystal clear, the only mission for the platform (CoinEx DEX) is to provide efficient and stable wallet and transaction services.”

Users are in control of their own private keys

CoinEx DEX neither hosts or transfers user assets, nor saves users’ private keys – and rather, it only provides an efficient and stable wallet and transaction services.

Unlike most centralized exchange services where users have no access to their own private keys, CoinEx DEX allows traders to store assets in their own wallets throughout the transaction process, and they only need to verify the signature with the private key when placing or canceling an order.

Moreover, the POS consensus mechanism adopted ensures transaction confirmation within seconds; Placing/canceling orders and trade matching are executed instantly and all user operations are recorded in sequence to rule out rollback possibilities.

Since CoinEx DEX neither hosts or transfers user assets, nor saves users’ private keys, it can no longer assist users in retrieving their private keys. Though some diversity of functionality was sacrificed, CoinEx DEX will instead achieve higher performance.

Permissionless one-click token issuing

A token issuing module will be preinstalled in CoinEx Chain making it more efficient and secure to issue tokens. Without any permission, users can issue tokens anytime, anywhere and create trading pairs simultaneously.

There are certain bars before issuing a token via the traditional smart contract. To start with, users need to know about the basics of coding, and depending on the smart contract in question, a set of steps must be followed to have the token ready to be issued. After this preparation, users still have to take into account an ICO, their project profile, and the listing procedure and fees by the targeted exchanges.

Completely open source code

As the open source of CoinEx, GitHub has already received popularity amongst developers, CoinEx Chain and DEX will also be open source for the community.

For the CoinEx R&D team, there is no boundary in the world of code and they would like to make contributions to make technology-shared worldwide and various products available for users – That’s how they help the blockchain industry move forward and become a better place.

CoinEx Chain – Born for financial liberalization

CoinEx Chain’s a public chain built for the decentralized exchange and its vision is “Born for financial liberalization”. Developed by a top R&D team of the industry, CoinEx Chain aims for high performance. The CoinEx team plans to support smart contracts with more diversified features via side chains and connect to mainstream public chains via cross chains in the future for a fully open and decentralized ecosystem and being a better public chain.

66
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

CoinEx Smart Chain (CSC) now live on mainnet

07/02/2021
CoinEx Smart Chain (CSC) now live on mainnet

On June 30th, 2021, CoinEx Smart Chain (CSC) officially launched its mainnet. This came after the testnet ran stable for one month. CSC is a new blockchain that provides developers with an efficient and...

Read more

CoinEx lists more USDC markets covering contracts and margin trading

06/08/2021
CoinEx lists more USDC markets covering contracts and margin trading

In order to provide its users with a more reliable trading experience, popular bitcoin & crypto exchange platform CoinEx, recently listed more trading pairs for the USDC market, including: ADA/USDC, BNB/USDC, BTT/USDC, DOGE/USDC, DOT/...

Read more

Crypto exchange CoinEx live with native blockchain testnet, launches $10M seed fund

05/31/2021
Crypto exchange CoinEx goes live with native blockchain testnet and launches $10M seed fund

CoinEx, a cryptocurrency exchange company founded in December 2017,  today announced its native CoinEx Smart Chain (CSC) testnet has been successfully deployed, after two weeks of stable internal operation. CSC is a smart contract...

Read more

Crypto exchange CoinEX lists Hedera Hashgraph token HBAR

03/10/2020
Crypto exchange CoinEX lists Hedera Hashgraph token HBAR

CoinEx, a global bitcoin/crypto exchange, announced today the listing of Hedera Hashgraph native token, HBAR. To celebrate the listing, CoinEx is rewarding users with a deposit bonus event. HBAR deposits open at 3:00 (UTC)...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
ELLIPAL now supports Zcash (ZEC) for cold storage and trading

ELLIPAL now supports Zcash (ZEC) for cold storage and trading

01/14/2020
Crypto intel platform Metrika adds support for Hedera network activity & performance

Crypto intel platform Metrika adds support for Hedera network activity & performance

08/03/2022
New Overledger release now supports QRC-721 NFTs on Tokenise developer API

New Overledger release now supports QRC-721 NFTs on Tokenise developer API

08/05/2022
Korean crypto exchange KODA to use Uppsala to boost AML and threat detection

Korean crypto exchange KODA to use Uppsala to boost AML and threat detection

08/01/2022
Tetrix and Pitaka crypto wallet launch ‘Tetrix Link’ to digitize contact exchange

Tetrix and Pitaka crypto wallet launch ‘Tetrix Link’ to digitize contact exchange

08/09/2022
THORWallet expands DeFi swap functionality with Rango Exchange integration

THORWallet expands DeFi swap functionality with Rango Exchange integration

08/08/2022
pSTAKE's BNB liquid staking solution (stkBNB) is now live

pSTAKE’s BNB liquid staking solution (stkBNB) is now live

08/08/2022
DeFi liquidity mining platform Grizzly.fi collects $26M in 'Community Fair Launch'

DeFi liquidity mining platform Grizzly.fi collects $26M in ‘Community Fair Launch’

08/08/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version